Patient Record Management Market Segmented By type of products that is solutions, services also by Solutions, Services, also by delivery that is On-Premise, Web-based, Cloud-based and by its application such as Patient medical records managements, Admission & registration document management, Patient billing document management.
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP23263
In this fast developing world, humans are less focused on their health issues and daily life activities. The emerging technologies in the areas of telecommunications are widely used in the healthcare sector, to provide better facilities and also to consume the time of treatment. Nowadays, the number of diseases have increased, with the increase in technologies and most of the people are facing health issues, especially due to the emission of radiations.
In the past, the hospitals used to maintain a register as databases and also to keep the track on the patient’s treatment. The health professionals then started using a computer to manage the database. In this futuristic world, the health professionals are using software known as the patient record management system, to maintain the database and to track the patient’s treatment on a weekly or hourly basis.
By using patient record management systems, the health professionals can record the patient’s info, department lies-in, physician, tours, treatment, and lab results.
Healthcare sector conducts lots of documentation that requires maintenance, updates, and files on a regular basis. Medical practices use an (EPRMS) referred to as an Electronic Patient Record Management System. The Electronic Patient Record Management System is a software, which is used by health professionals to develop a centralized database using PHP & MYSQL combinations.
This software can also be used in cash collection processes to manage, and archive data. However, these are the few factors which are creating the potential growth and opportunities for the patient record management system.
Drivers
The primary factor, which is driving the patient record management market is the need of medical document management system with the increase in adoption of EMR systems & HIM systems, for improved facilities, such as patient care, and rising demand for efficient information management.
The reduction of the mess of paperwork and cost of keeping employees for calculation work are also the main factors, which are driving the market for patient record management systems.
Challenges
The primary challenge faced by the healthcare professionals in patient record management market is the high cost of implementation and ensuring privacy & security. The cost of establishing Electronic Patient Record Management System software in hospitals premises is too high, due to its features and installations.
On the other hand, the privacy & security concerns, which includes the patient records and medical history of the patient. However, the Health Insurance Portability and Accountability Act (HIPAA) security rule has announced for the protection and accessibility of the record.
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Key Players
The prominent players in patient record management market are: Siemens Medical Solutions USA, Toshiba Medical Systems Corporation, Hyland Software, EPIC Systems, McKesson Corporation, GE Healthcare, 3M Company, Cerner Corporation, Allscripts Healthcare Solutions, and Inc, Kofax Ltd.
On the basis of geography, North America is anticipated to have the largest market share, owing to the well-developed software developing companies, and the presence of various innovative technologies in the healthcare sector. Europe is also expected to gain substantial market share due to the introduction of new technologies, which includes easy methods of restoring data.
Also, APAC is supposed to be the fastest growing patient record management market as many companies are developing new technologies and innovations and also, due to the government initiatives taken towards the improvement of technologies by the emerging economies such as India, China, and Japan.
The patient record management market in Latin America and MEA are also expected to witness high growth rates in the coming period due to the rise in technologies in healthcare sector.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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